According to foreign media reports, SK Group announced plans to invest 247 trillion won ($195.24 billion) in the next five years to develop semiconductors, batteries and biopharmaceuticals. SK combined the initials of these three fields to form "BBC" to name the investment plan, and recruited 50,000 talents in Korea for this purpose.

SK Group said 179 trillion won of these investments will be invested in South Korea to help the country revive its economy. More than half of the investment will be in the field of semiconductors and related materials, with a capital scale of about 142.2 trillion won, accounting for 57.6% of the total planned investment. In terms of power batteries, hydrogen energy and other renewable energy businesses, SK Group will invest about 67.4 trillion won, mainly for projects such as the expansion of battery separator plants.

As a South Korean enterprise group second only to Samsung, SK Group also has a wide range of businesses, involving energy, communications, semiconductors, etc., including SK Hynix, the world's second largest memory chip manufacturer, and SK On, the world's fifth largest power battery manufacturer. Wait.

It is reported that in May 2021, Korean companies such as Samsung Electronics, LG Energy Solutions, Hyundai Motor, and SK Hynix have released investment plans with a total scale of US$39.4 billion. The investment destination is mainly in the United States, mainly for chips and batteries. production, electric vehicles and charging infrastructure construction. In just one year, the focus of investment by South Korean giants has shifted to China.

Just before SK Group announced the investment plan, Samsung announced that it would invest about 450 trillion won (about 355 billion US dollars) in the semiconductor and biopharmaceutical fields in the next five years, of which 80% will be invested in South Korea.